topic Re: Application timing in Credit Card Applications

Application timing

Anonymous — Thu, 28 May 2020 18:59:24 GMT

I thought I would get your opinion. I literally just dropped under 5/24 within the last week and I'm looking to get one of the Freedom cards. How long do you think I should wait Before applying? Thanks in advance

Re: Application timing

M_Smart007 — Thu, 28 May 2020 19:26:33 GMT

@Anonymous wrote:
I thought I would get your opinion. I literally just dropped under 5/24 within the last week and I'm looking to get one of the Freedom cards. How long do you think I should wait Before applying? Thanks in advance

Yesterday? .. Seriously if you are under 5/24 ...it is a card you can utilize and everything else is in check,

I would bite the bullet and apply. JMO

Good Luck!

Re: Application timing

Red1Blue — Thu, 28 May 2020 20:15:19 GMT

I would not apply now. The economy is in such a bad shape. I am not sure how tight the lender policies are.

Re: Application timing

Citylights18 — Thu, 28 May 2020 20:25:49 GMT

I'd wait until 5/24 confirms on your credit report.

Maybe 30 days.

Re: Application timing

smittyb — Thu, 28 May 2020 22:56:25 GMT

what is 5/24?

@Citylights18 wrote:
I'd wait until 5/24 confirms on your credit report.

Maybe 30 days.

Re: Application timing

M_Smart007 — Thu, 28 May 2020 23:00:00 GMT

@smittyb wrote:
what is 5/24?

@Citylights18 wrote:
I'd wait until 5/24 confirms on your credit report.

Maybe 30 days.

@smittyb .. 5/24 = 5 new accounts within a 24 month period

Re: Application timing

Meanmchine — Fri, 29 May 2020 00:11:02 GMT

Youre GTG anytime

Personally, I would wait til Monday as it will be the 1st of the month and maybe you'll see a score jump

Re: Application timing

Meanmchine — Fri, 29 May 2020 00:14:33 GMT

@Citylights18 wrote:
I'd wait until 5/24 confirms on your credit report.

Maybe 30 days.

Not necessary. Chase calculates the number of accounts that fall within their 4/24 ceiling. There is nothing for the CBs to update